American Science and Engineering, Inc. Announces $8.8 Million Sale of CargoSearch System to Abu Dhabi.BILLERICA, Mass.--(BUSINESS WIRE)--April 27, 1998--American Science & Engineering, Inc. announced the receipt of a $8.8 million order for a CargoSearch(tm) system, training and multi-year maintenance support from the Abu Dhabi Abu Dhabi (ä`b thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. Customs Department of the United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. (UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. ). The system will be deployed at the Al Gawaifat Customs Port of Entry on the border with Saudi Arabia Saudi Arabia (sä `dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop. to inspect trucks for smuggled smug·gle v. smug·gled, smug·gling, smug·gles v.tr. 1. To import or export without paying lawful customs charges or duties. 2. To bring in or take out illicitly or by stealth. contraband, including weapons and drugs. The system is based on the X-ray detection systems that successfully scan for drugs and other contraband on the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. border with Mexico. There are currently four systems operational and four more under construction for deployment by U.S. Customs. Ralph Sheridan, Chief Executive Officer and President, stated, "Abu Dhabi is an important strategic client in the Middle East. The region represents rich opportunity for deployment of technology solutions for cargo and vehicle inspection. Cargo is a mode of conveyance for illegal weapons, drugs, contraband and other forms of fraudulent trade. Using both Z(R) Backscatter backscatter in radiology, radiation deflected by scattering processes at angles greater than 90 degrees to the original direction of the beam of radiation. Important in radiotherapy when estimating surface exposure dose. and transmission X-ray detection, CargoSearch(tm) provides shape and form recognition for Customs authorities, as well as identification of hidden organic contraband. CargoSearch(tm) eliminates the need for time consuming unpacking of truck trailers and sea containers, which can often require six to eight hours. "Abu Dhabi Customs is committed to using technology to improve the effectiveness of their inspection protocols and secure their borders against smuggling smuggling, illegal transport across state or national boundaries of goods or persons liable to customs or to prohibition. Smuggling has been carried on in nearly all nations and has occasionally been adopted as an instrument of national policy, as by Great Britain . We believe this is the beginning of a successful long-term relationship with Abu Dhabi Customs and other countries in the Gulf region." AS&E(R) develops and manufactures sophisticated X-ray inspection products for critical detection and security applications. AS&E(R)'s patented Z(R) Backscatter technology detects plastic explosives, illegal drugs, and other contraband, even when artfully concealed in complex backgrounds by terrorists and smugglers. For more information on AS&E products and technologies, please visit the Company's web site at http://www.as-e.com. -0- Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement The foregoing press release contains statements concerning the Company's financial performance and business operations which may be considered "forward-looking" under applicable securities laws. The Company wishes to caution readers of this press release that actual results might differ materially from those projected in any forward-looking statements. Factors which might cause actual results to differ materially from those projected in the forward-looking statement contained herein include the following: significant reductions or delays in procurements of the Company's systems by the United States Government; disruption in the supply of any sole-source component incorporated into the Company's products (of which there are several); litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. seeking to restrict the use of intellectual property used by the Company; potential product liability claims against the Company; global political trends and events which affect public perception of the threat presented by drugs, explosives and other contraband; the ability of governments and private organizations to fund purchases of the Company's products to address such threats; and the potential insufficiency of Company resources, including human resources, capital, plant and equipment and management systems, to accommodate any future growth. These and certain other factors which might cause actual results to differ materially from those projected are more fully set forth under the caption "Risk Factors" in the Company's Registration Statement on Form S-3 (SEC File No. 333-9151). CONTACT: American Science & Engineering, Inc. Jeffrey Bernfeld or Lee Steele, (978) 262-8700 |
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